Advising Public Charities on Compliance with the Internal Revenue Code

The subset of section 501(c)(3) organizations known as public charities is closely regulated by the Internal Revenue Code. From qualifying for public charity status to managing revenue-generating activities without jeopardizing that exemption, the Code governs and informs the decisions of public charities. Other issues that arise for public charities, for which understanding the rules under the Internal Revenue Code is paramount, include lobbying activity and transactions with insiders. These transactions can include compensation for employees, officers, and directors, and every public charity is likely to face these rules at some point. This program will review the relevant provisions of the Code as they apply to public charities.

The course, taught by Anne Gerson, counsel in Venable’s Non-profit practice, will provide an in-depth look at these issues. Attorneys will come away with a practical understanding of how to apply these laws in the day-to-day functions of a public charity.

Learning Objectives:

1. Review certain provisions of the Internal Revenue Code that apply to public charities and review how to qualify for public charity status
2. Examine key provisions for compliance with tax laws regarding lobbying activities
3. Advise clients on best operating practices for revenue generating activities to avoid tax liabilities under the Code